Movoto Real Estate
Sold on 10/10/2025

225 Broad St, Salisbury, MD 21801

$242,500

Last sold 10/10/2025 after 75 Days

  • —

    bed

  • —

    bath

  • 1,848

    Sqft ($131/Sqft)

Multi-family not for sale

About 225 Broad St

Property type Multi-family
Neighborhood
Year built 1930
HOA fee $0/month
Lot size 4,224 Sqft
Rental estimate
Property description
**PRICE IMPROVEMENT** **BRING YOUR OFFERS** **SELLER SAYS SELL** RARE INVESTMENT OPPORTUNITY – INCOME-PRODUCING MULTI-FAMILY HOME! Have you been looking for a versatile, income-generating property in the heart of downtown Salisbury? Now is the time! This charming two-unit multi-family home offers exceptional potential under its unique OSR zoning (Office, Service, Residential) — allowing for a wide range of uses including residential, office, or mixed-use purposes. This unique property provides an option to rent both units for maximum cash flow; live in one unit and rent the other; or have an office in one unit, live in or rent the other unit. Either option brings income potential! The property has maintained its charm and character with hard wood flooring and a welcoming, flattering entryway. This one of a kind property is conveniently located within walking distances of downtown attractions, Tidal Health, Salisbury City Park and Zoo, and Salisbury University. Area destinations such as the beautiful beaches of Ocean City, Assateague Island and the Delaware Beaches are short drives away. The University of Maryland Eastern Shore and Wor-Wic Community College are easily accessible. Whether you're a seasoned investor, first-time buyer, or small business owner looking for a live/work space, 225 Broad Street offers the flexibility, location, and income potential you’ve been waiting for. FY2024 Net Operating Income $20,949.55 FY2023 Net Operating Income $18,665.80 Don’t miss out — schedule your private tour today! Being sold "AS IS", therefore any inspections are for buyers' information only. Buyers and Buyer's Agent are encouraged to conduct their own due diligence and verify all information to their satisfaction, including but not limited to square footage, school district, zoning and usage, income, lot size and tax assessments.
Listed by
Listing Agent - Tyantha Randall
Listing Office - Keller Williams Realty Delmarva
Source: Bright MLS mls logo
MLS#MDWC2018994 • last updated 11 months ago
Movoto checked Bright MLS for data 7 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Window Unit(s), None
Heating Natural Gas
Levels/Style Traditional
Type Multi-Family
SubType Duplex
Status Closed
SqFt 2200
Lot Size (SqFt) 4224
Lot Size (Acres) 0.1
County Tax 712, Annually
City/ Town Tax 868
Tax: Assessed Value 84100
Annual Property Tax 1674
Year Built 1930
Condition Good
Municipality Salisbury
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Interior Access, Partially Finished
Appliances Oven/Range - Electric, Refrigerator
Interior Features Ceiling Fan(s), Floor Plan - Traditional
Accessibility Features None
Exterior
Roof Architectural Shingle
Construction Vinyl Siding
Foundation Concrete Perimeter
Parking Desc Gravel Driveway, On Street, Driveway
# Parking Spaces 5
# Driveway Spaces 5
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Location
Water Source Public
School District WICOMICO COUNTY PUBLIC SCHOOLS
Location Downtown
Directions Heading South On Salisbury Blvd; Make Right On Broad Street; House Is On The Right.
Zoning OSR, Office Service Resident
Multifamily Details
Owner Pays Management
# 1-Bedroom Units 1
# 2-Bedroom Units 1
# Units Furnished None
# Units Vacant 2
Net Operating Income 20949.55
Expense: Trash 1464.95
Income Includes Apartment Rentals
Rental est.: $1,178/month
Gross rent multiplier: 17.2
  • Apr 2026
    mls logo MLS # MDWC2022576
  • Apr 21, 2026 Listed
    $284,900 (+17.5%)
  • Oct 2025
    mls logo MLS # MDWC2018994
  • Oct 10, 2025 Sold
    $242,500 (-6.7%)
  • Sep 16, 2025 Active
    —
  • Sep 9, 2025 Price Change
    $259,999 (-8.8%)
  • Aug 25, 2025 Price Change
    $285,000 (-5.0%)
  • Jul 21, 2025 Listed
    $299,999 (+252.9%)
  • May 2019
    Public Records
  • May 3, 2019 Sold
    $85,000
  • Year Property taxes Tax assessment
  • 2024
    $806 -3.8%
    $84,100 +0.16%
  • 2023
    $838 -2.0%
    $83,967 +0.08%
  • 2022
    $855 +18.2%
    $83,900 +6.25%
  • 2019
    $723
    $78,967
  • 225 Broad St
    $242K
  • Newtown - North Division
    $229K -24% y/y
  • 21801
    $333K +1% y/y
  • Salisbury
    $299K +2% y/y
No chart available
Statistics calculated by Movoto

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N/A
4/10
2/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • 225 Broad St
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 9/24/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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